Africa Must Unite to Unlock Global Solid Minerals Market — Dele Alake
Nigeria’s Minister of Solid Minerals Development, Dele Alake, has called for stronger regional cooperation among…
Yearly Archives
2026
Brent Oil Surges Above $123 Amid Reports of Possible U.S. Military Action on Iran
Global oil markets rallied sharply on Thursday, with Brent crude rising above $123 per barrel following reports…
Nigerian Stock Market Surges by N3.2trn as Investors Return, Market Cap Hits…
The Nigerian stock market recorded a strong recovery on Wednesday, gaining N3.204 trillion in market capitalisation…
East Africa Attracts $4.1bn Investment as Reforms Drive Capital Surge Across…
East Africa has recorded a major boost in investor confidence, attracting about US$4.1bn in investments between…
BII Targets £9 Billion Investment Push to Boost Nigeria and African Economies
The British International Investment (BII), the United Kingdom’s development finance institution and impact…
Cooking Gas Prices in Nigeria Rise as 5kg Hits N7,655 Amid March 2026 Inflation…
Cooking gas prices in Nigeria recorded another sharp increase in March 2026, placing additional pressure on…
Oil Supply Shock: Strait of Hormuz Closure Triggers Historic Crude Crisis and…
The global oil market is facing what analysts are calling the most severe supply shock in history, after the…
AI Reduces Nigeria Media Traffic by 26% as News Consumption Shifts – Report…
Nigeria’s digital media industry has recorded a significant shift, with audience traffic falling sharply by 26.2%…
UK-Nigeria Tech Hub Launches Creative Fund to Boost Film, Fashion and Music…
The UK-Nigeria Tech Hub has officially launched a Creative Fund aimed at strengthening Nigeria’s…
OpenAI Expands to Amazon Web Services After Ending Microsoft Cloud Exclusivity
OpenAI has officially expanded its reach into Amazon’s cloud ecosystem, making its generative AI models available…
Why Mobile Internet Alone Can’t Power Nigeria’s Digital Future – NCC, Experts Warn
Nigeria’s telecom space is increasingly shifting from familiar consumer frustrations over airtime disputes and…
Nigeria records surge in foreign currency tax receipts to N6.33 trillion
Nigeria recorded a significant rise in foreign currency-denominated tax collections in 2025, as total receipts…
NUPRC Board Resumes Duties, Pledges Oil Sector Reforms Amid Global Energy…
The newly inaugurated board of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially resumed…
Inefficient Refineries Should Be Phased Out to Boost Energy Efficiency – Dangote…
The Managing Director and Chief Executive Officer of Dangote Petroleum Refinery, David Bird, has called for the…
Foreign Currency Tax Revenue Hits N6.33tn as Naira Volatility Reshapes Nigeria’s…
Nigeria’s tax system saw a major shift in 2025 as foreign currency-denominated tax receipts climbed to N6.33tn,…
Nigeria, Ghana Lead African Small-Cap Stock Rally as Investors Chase Record…
African equities are experiencing a powerful shift in 2026, as small-cap stocks take centre stage in driving market…
NNPC Hikes Oil Prices Amid US-Iran War as Global Crude Surges
Nigeria’s oil sector has seen a sharp shift as the Nigerian National Petroleum Company Limited (NNPC)…
NGX Sees 107.7% Surge in Foreign Investment to N288.82bn as Investor Confidence…
Foreign investor participation on the Nigerian Exchange Limited (NGX) recorded a significant rebound in March 2026,…
VFD Group Reports N5.1 Billion Q1 2026 Profit as Investment Income and Other Gains…
VFD Group Plc has kicked off 2026 on a strong note, reporting a pretax profit of N5.1 billion for the first quarter…
Naira Weakens to N1,383/$ as External Reserves Drop Deepens FX Pressure
The Nigerian naira continued its downward slide on Tuesday, closing at N1,383 against the US dollar,…
European Stocks Slip as UAE OPEC Exit Clouds Global Oil Supply Outlook
European markets opened slightly lower on Wednesday, as investors reacted to a mix of corporate…
CBN Restricts BDC Access to Forex Market Over Compliance Risks
Nigeria’s apex bank, the Central Bank of Nigeria (CBN), has continued to limit the access of Bureau De Change (BDC)…
Reps ask NCC to extend SIM reallocation period over fraud, identity theft concerns
Nigeria’s House of Representatives has called on the Nigerian Communications Commission (NCC) to extend the SIM…
CSCS Declares N1.78 Dividend as Profit Climbs on Strong Market Activity
Shareholders of the Central Securities Clearing System Plc (CSCS) have approved a total dividend payout of N8.9…
Naira Weakens to N1,369 per Dollar as External Reserves Drop $731 Million Amid FX…
The Nigerian Naira weakened further on Monday, slipping to N1,369 per US dollar, down from N1,361.5/$ recorded at…
CBN Pushes for Single-Digit Inflation Target Amid Global Shocks as Nigeria Defends…
Nigeria’s economic managers are standing firm on their long-term goal of achieving single-digit inflation, even as…
Shell Invests $16.4 Billion in ARC Resources Deal to Boost Canadian Gas and LNG…
Shell is making a massive long-term bet on natural gas with a $16.4 billion agreement to acquire Canada’s ARC…
AI Reduces Nigeria Media Traffic by 26% as Digital News Consumption Shifts
Nigeria’s digital media landscape has experienced a major shake-up, with audience traffic dropping by 26.2% in…
China Blocks Meta Manus AI Deal: Tightening Grip on U.S.-China Tech Rivalry in AI…
China has officially blocked Meta’s proposed $2 billion acquisition of the AI startup Manus, marking a major…
China Blocks Meta’s $2B Manus Acquisition After Regulatory Probe Into AI Deal
China’s top economic regulator, the National Development and Reform Commission (NDRC), has officially blocked…